On June 4, 2013, Riverside Partners, a Boston based private equity firm, announced that it has completed an investment in BioAgilytix Labs (BioAgilytix), a leading contract bioanalytical laboratory specializing in large molecule biologic drugs. BioAgilytix provides outsourced laboratory services to customers within the pharmaceutical, biotechnology, and agriculture industries. Riverside Partners is a private equity partner for leading technology and healthcare companies.
With this acquisition, Riverside Partners will enter the large molecule drug development business, which is a “very exciting area within the pharmaceutical and biotechnology industries,” according to Phillip Borden, General Partner at Riverside Partners. Riverside Partners will utilize its deep healthcare experience to accelerate BioAgilytix’s growth.
Crosstree Capital Partners served as exclusive financial advisor to BioAgilytix Labs.